In the industrial segment, the cost per square meter has increase dramatically.

According to CB Richard Ellis, the price per meter in 2007 was between 2 and 4 dollars while in 2008 it is now between $5 and $8.

The economic prosperity, along with a the fact that there has not been a significant increase in the construction of space, caused a shortage in storage space which resulted in the increase in rent prices in Panama City, explained Carla Lopez, director of Evaluations and Consultations at CB Richard Ellis Panama.

At the end of 2012, the luxury Class A apartments accounted for 78% of the units under construction, while the Classes B and C together accounted for 22%.

According to a residential market study prepared by the firm CB Richard Ellis Global Research and Consulting (CBRE Panama), at the end of 2012, luxury apartments categorised as Class A, were the most popular in the residential market in Panama, representing 78% of the total units under construction. Meanwhile, Class B and C apartments, amounted to 22%.

The director of Panama’s Multimodal Hub program announced the construction of the $30 million center.

Manuel Fernández, director of the program “Hub Multimodal de Las Américas”, added that studies are being carried out to determine the best location for the center and that work is expected to begin next year.

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O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
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